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GDP up by 0.2% and employment up by 0.2% in the euro area; 0.2% and 0.3% in the EU

Seasonally adjusted GDP rose by 0.2% in both the euro area and the EU during the second quarter of 2019, compared with the previous quarter, according to an estimate published on 6 September by Eurostat, the EU statistical office.

date:  12/09/2019

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Seasonally adjusted GDP rose by 0.2% in both the euro area and the EU during the second quarter of 2019, compared with the previous quarter, according to an estimate published on 6 September by Eurostat, the EU statistical office. In the first quarter of 2019, GDP had grown by 0.4% in the euro area and by 0.5% in the EU. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.2% in the euro area and by 1.4% in the EU in the second quarter of 2019, after +1.3% and +1.6% respectively in the previous quarter. Among Member States for which data are available for the second quarter of 2019, Hungary (+1.1%) recorded the highest growth compared with the previous quarter, followed by Romania (+1.0%) and Bulgaria, Denmark, Greece, Cyprus, Lithuania and Poland (all +0.8%). Decreases were observed in the United Kingdom (-0.2%), Germany and Sweden (both -0.1%), while in Italy, stagnation was observed.